Smart Money Parenting Why Coachability is Critical for Success, for Both Kids and Parents
Jun 6, 2023
22:35
What is the key to developing coachability in your kids? In today's episode, hosts Scott Donnell and Chad Willardson discuss why coachability is crucial for success for both kids and parents.
- Chad and Scott break down the concept of coachability and why it’s important for a family’s success.
- The most successful people have coaches. According to Chad, high performers have coaches and view them as a crucial cog in their path to success.
- Parents should never match their kid’s emotions. If your kid is going wild or getting angry and frustrated, the worst thing you can do is sink to their level.
- For Chad, the biggest compliment you can ever receive as a parent is that your kids are coachable.
- According to Chad, coachability sets apart the winners from those who don’t want to learn how to win.
- Scott explains the benefits of your kids being part of a competitive team.
- If you want your kids to be financially competent and ready to succeed in the real world, they need to be coachable, and so do you.
- For Scott, how kids react to coaches says a lot about how you raised them and their view of life and personal improvement.
- Solve problems together. It’s not you versus your kid; it’s you and your kid versus the problem or the challenge at hand.
- Scott explains why you need to teach your kids that not all situations are win or lose - sometimes you learn.
- Scott breaks down the First Time Follow Rule and how it can help you raise coachable kids.
- Does good cop/bad cop work with children? Chad and Scott go through the pros and cons of this type of parenting strategy.
- Scott and Chad reveal what parents can do to become more coachable and learn to cultivate coachability in the home.
Mentioned in This Episode:
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - https://www.linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell